To respond to changes in the last decade in the law of secured finance, Penn State Law professors Louis Del Duca and Marie T. Reilly together with co-authors Edwin E. Smith, partner at Bingham McCutchen, and Peter Winship of Southern Methodist University wrote a new edition of Secured Transactions Under the Uniform Commercial Code and International Commerce (LexisNexis).
The second edition reflects new forms of secured transactions and technological developments. Mortgages, security interests and securitizations have played a central role in the global and national economic crises, said Marie T. Reilly, who is also senior associate dean for academic affairs and a bankruptcy law scholar. “More than ever, new lawyers need to understand the principles and possibilities of the law of secured transactions in U.S. and international business.”
Professor Del Duca notes that many of the Uniform Commercial Code secured transactions core principles and procedures addressed in the case book have been incorporated into projects undertaken by the United Nations Commission on International Trade Law (UNCITRAL), the International Institute for the Unification of Private Law (UNIDROIT), and the Organization of American States (OAS) and subsequently incorporated into national legislation and international treaties effective around the world. The potential of secured transactions law to facilitate global economic growth continues to be increasingly recognized.
Designed to be user-friendly, the case book uses realistic problems to take students through each phase of a secured transaction. The book is available through LexisNexis